Biggest ‘black swan’ event for oil markets is disruption in the Strait of Hormuz, expert says

The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts. “The market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz,” Dave Ernsberger, the firm’s global head of commodities pricing, told CNBC’s “Capital Connection” Thursday. The Strait of Hormuz is a crucial channel that oil producers use to transport crude from the Middle East to markets around the world. I


The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts.
“The market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz,” Dave Ernsberger, the firm’s global head of commodities pricing, told CNBC’s “Capital Connection” Thursday.
The Strait of Hormuz is a crucial channel that oil producers use to transport crude from the Middle East to markets around the world.
I
Biggest ‘black swan’ event for oil markets is disruption in the Strait of Hormuz, expert says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: abigail ng
Keywords: news, cnbc, companies, markets, strait, disruption, traffic, event, hormuz, swan, middle, global, black, biggest, expert, oil, kind, market


Biggest 'black swan' event for oil markets is disruption in the Strait of Hormuz, expert says

The biggest black swan event in the oil market is a disruption to the most critical chokepoint in the Middle East, according to an analyst from S&P Global Platts.

“The market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz,” Dave Ernsberger, the firm’s global head of commodities pricing, told CNBC’s “Capital Connection” Thursday.

The Strait of Hormuz is a crucial channel that oil producers use to transport crude from the Middle East to markets around the world. It is 21 miles wide at its narrowest point and, in 2018, around 21 million barrels were transported via the waterway daily, according to the U.S. Energy Information Administration.

“If we were to see the temperature change and somebody start to disrupt this traffic, that would be the kind of event that would send the markets into the kind of panic we haven’t seen for 10 or 15 years,” Ernsberger said.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: abigail ng
Keywords: news, cnbc, companies, markets, strait, disruption, traffic, event, hormuz, swan, middle, global, black, biggest, expert, oil, kind, market


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Gold is a better hedge than oil as US-Iran tensions spike, Goldman Sachs says

Gold is a stronger hedge than oil for investors seeking safe returns amid the escalation of tensions between the U.S. and Iran, Goldman Sachs commodity strategists have suggested. Both oil and gold prices moved sharply higher on Friday and have continued to climb after a U.S. airstrike killed Iran’s top military commander Qasem Soleimani in Baghdad, sparking fears of retaliation from Tehran. Though the upward momentum in Brent prices suggests some expectation that the recent escalations will lea


Gold is a stronger hedge than oil for investors seeking safe returns amid the escalation of tensions between the U.S. and Iran, Goldman Sachs commodity strategists have suggested.
Both oil and gold prices moved sharply higher on Friday and have continued to climb after a U.S. airstrike killed Iran’s top military commander Qasem Soleimani in Baghdad, sparking fears of retaliation from Tehran.
Though the upward momentum in Brent prices suggests some expectation that the recent escalations will lea
Gold is a better hedge than oil as US-Iran tensions spike, Goldman Sachs says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: elliot smith
Keywords: news, cnbc, companies, outcomes, large, oil, better, supply, spike, prices, usiran, tensions, sachs, gold, range, goldman, hedge, disruption, current


Gold is a better hedge than oil as US-Iran tensions spike, Goldman Sachs says

Gold is a stronger hedge than oil for investors seeking safe returns amid the escalation of tensions between the U.S. and Iran, Goldman Sachs commodity strategists have suggested.

Both oil and gold prices moved sharply higher on Friday and have continued to climb after a U.S. airstrike killed Iran’s top military commander Qasem Soleimani in Baghdad, sparking fears of retaliation from Tehran.

Though the upward momentum in Brent prices suggests some expectation that the recent escalations will lead to oil supply disruption, Goldman analysts suggested that the range of possible outcomes is too large for this to be accurately priced in, meaning actual disruption is now necessary to sustain current oil prices at around $69 per barrel.

“The range of potential scenarios is very large; spanning oil supply shocks or even oil demand destruction — which would be negative to oil prices. In contrast, history shows that under most outcomes gold will likely rally to well beyond current levels,” Global Head of Commodities Research Jeffrey Currie and his team said in a note Monday.


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: elliot smith
Keywords: news, cnbc, companies, outcomes, large, oil, better, supply, spike, prices, usiran, tensions, sachs, gold, range, goldman, hedge, disruption, current


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The 2010s had an appetite for disruption – let’s take a look back

What a difference a decade makes, especially one as chaotic, confounding, exciting and disruptive as the 2010s. For a stark example, look no further than the value of the biggest American companies then and now. We will look at the biggest changes in the worlds of business, markets, money and politics — as well as the companies, people and forces behind them. We’ll see which companies were the most important for the decade and look back on some of the biggest moments on CNBC TV over the past 10


What a difference a decade makes, especially one as chaotic, confounding, exciting and disruptive as the 2010s.
For a stark example, look no further than the value of the biggest American companies then and now.
We will look at the biggest changes in the worlds of business, markets, money and politics — as well as the companies, people and forces behind them.
We’ll see which companies were the most important for the decade and look back on some of the biggest moments on CNBC TV over the past 10
The 2010s had an appetite for disruption – let’s take a look back Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-13  Authors: mike calia
Keywords: news, cnbc, companies, series, weeks, decade, politics, probably, companies, biggest, lets, appetite, look, stocks, 2010s, money, disruption


The 2010s had an appetite for disruption – let's take a look back

What a difference a decade makes, especially one as chaotic, confounding, exciting and disruptive as the 2010s.

For a stark example, look no further than the value of the biggest American companies then and now.

When 2010 started, ExxonMobil was tops, with a market cap of $328 billion. When 2020 starts, ExxonMobil probably won’t even be in the Top 10. Instead, one of two tech titans — Microsoft or Apple, both of which were near the top of the list in 2010, too — will probably take the crown, with market caps likely above $1 trillion.

Starting now, CNBC.com will roll out a series of articles explaining how this and other massive shifts happened over the past 10 years. We will look at the biggest changes in the worlds of business, markets, money and politics — as well as the companies, people and forces behind them. Check out this list of the best performing stocks of the decade.

Yes, disruption has become a buzzword, overused and abused by PR reps, entrepreneurs and “thought leaders.” But when it comes to the 2010s, it’s an appropriate term. What else could you say about a time when Donald Trump, reality television superstar and veteran of several tabloid sex scandals, was elected president of the wealthiest, most powerful nation in the world?

Who could’ve predicted just how many industries Amazon would stir up in just 10 years?

It was also the decade where we welcomed Big Brother into our homes and pockets. “Siri … look up George Orwell quotes, and play ‘1984’ by David Bowie.”

There were plenty of other disruptions that shook everything from our collective personal finances and buying habits to the globe’s economic and business foundations. China emerged as an economic leviathan. The Supreme Court allowed an even bigger tide of money to flood into presidential politics. Disney took over the entertainment world with the help of a snarky, iron-clad billionaire, a talking raccoon and a limitless well of comic book intellectual property. In the next few weeks, our reporters will dive into all of these subjects to see what we’ve learned and maybe figure out a bit about where we’re heading.

We will also examine the mushrooming presence of e-cigarettes, how Obamacare evolved as a political force and why electric car maker Tesla grew out of being a mere niche brand and into a headline-making company.

We’ll see which companies were the most important for the decade and look back on some of the biggest moments on CNBC TV over the past 10 years. We’ll start with Carl Icahn’s epic fight with Bill Ackman.

And, of course, we’ll look to the future. Who and what will be the biggest disruptive forces of the next 10 years? Which stocks are in the best position to make you the most money? Which trends actually matter?

All these reports and more will come out in our Decade of Disruption series in the coming weeks.


Company: cnbc, Activity: cnbc, Date: 2019-12-13  Authors: mike calia
Keywords: news, cnbc, companies, series, weeks, decade, politics, probably, companies, biggest, lets, appetite, look, stocks, 2010s, money, disruption


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These 4 mega-cap consumer stocks have crushed fears of disruption and the market in the process

Their stock prices have handily outrun the S&P 500 over the past year, and investors have endowed them with a valuation premium to the broad market of 40%-50%. The companies range from $100 billion to $340 billion in market value, so in part the stocks benefit from a broader preference in a mature bull market for companies of heft that can preserve value over the very long term. They are financially potent enough to make heavy growth investments while also buying back plenty of stock and paying


Their stock prices have handily outrun the S&P 500 over the past year, and investors have endowed them with a valuation premium to the broad market of 40%-50%.
The companies range from $100 billion to $340 billion in market value, so in part the stocks benefit from a broader preference in a mature bull market for companies of heft that can preserve value over the very long term.
They are financially potent enough to make heavy growth investments while also buying back plenty of stock and paying
These 4 mega-cap consumer stocks have crushed fears of disruption and the market in the process Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-16  Authors: michael santoli
Keywords: news, cnbc, companies, stocks, consumer, valuation, disney, companies, value, fears, process, walmart, starbucks, shares, market, crushed, disruption, megacap


These 4 mega-cap consumer stocks have crushed fears of disruption and the market in the process

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Let’s call them the undisrupted champions of Wall Street. A small group of enormous, elite consumer companies — once seen as vulnerable to onrushing digital disruption and shifting public tastes — have persuaded Wall Street that they have a sturdy plan to meet the future. Their stock prices have handily outrun the S&P 500 over the past year, and investors have endowed them with a valuation premium to the broad market of 40%-50%. While not a comprehensive or authoritative list, this group surely includes Walt Disney, Walmart, Nike and Starbucks, whose shares are all up more than 20% over the past 12 months compared to 13% for the S&P 500. The push higher in the shares is not linked to an unexpected acceleration in the companies’ profit growth, but a more generous valuation of their businesses. The four stocks now trade between 23-times the next year’s expected earnings (Walmart) and more than 29-times (Nike), compared to about 17.5 for the S&P 500 as a whole. The companies range from $100 billion to $340 billion in market value, so in part the stocks benefit from a broader preference in a mature bull market for companies of heft that can preserve value over the very long term. They are financially potent enough to make heavy growth investments while also buying back plenty of stock and paying decent dividends.

Disney

Beyond that, these companies have been seen from time to time as potential victims of disruptive industry and consumer changes: Disney under assault from cord-cutting and streaming video; Walmart at the mercy of Amazon; Nike outmaneuvered by Adidas’s viral marketing and with less control over online sales; Starbucks unable to handle traffic from online ordering and subject to upstart attacks in China. Last week, Disney’s push to disrupt itself with the Disney+ streaming service was a booming success, with more than 10 million day-one subscribers and a storm of positive buzz that the company will instantly achieve scale in a business created and dominated by Netflix (whose shares are down 30% from their 2018 record high). Never mind that Disney acquired Fox assets for $70 billion at a full valuation, or that its investments in content and technology mean profits are projected to be flat in the just-started fiscal year. The market has determined that part of Disney is worth something close to what Netflix is, and its entertainment factory will thrive for decades thanks to strong, direct connections with customers. While a bit apples-and-oranges, strategist Michael Hartnett of Bank of America Merrill Lynch notes that “Walt Disney [is] now bigger than market cap of top 5 Eurozone banks (BNP, Santander, ING, Intesa, Credit Agricole).” While he chalks this up to loose-money policies juicing growth over value stocks, it could just as easily be viewed as a market determination that technology-enabled intellectual property has greater enduring value than inert financial capital.

Nike, Starbucks & Walmart


Company: cnbc, Activity: cnbc, Date: 2019-11-16  Authors: michael santoli
Keywords: news, cnbc, companies, stocks, consumer, valuation, disney, companies, value, fears, process, walmart, starbucks, shares, market, crushed, disruption, megacap


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Climate protester lies on plane in disruption at London City airport

A protesters is removed by police as climate change action group Extinction Rebellion stage a protest at London City Airport during the fourth day of demonstrations on October 10, 2019 in London, England. Climate change activists have gathered to block access to various government departments as they launch a two week protest in central London. A protester lay on top of a plane while another forced a jet to turn around on the runway as climate change activists descended on London City Airport on


A protesters is removed by police as climate change action group Extinction Rebellion stage a protest at London City Airport during the fourth day of demonstrations on October 10, 2019 in London, England. Climate change activists have gathered to block access to various government departments as they launch a two week protest in central London. A protester lay on top of a plane while another forced a jet to turn around on the runway as climate change activists descended on London City Airport on
Climate protester lies on plane in disruption at London City airport Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, protesters, london, disruption, removed, protesting, plane, climate, passengers, terminal, lies, protester, city, million, airport


Climate protester lies on plane in disruption at London City airport

A protesters is removed by police as climate change action group Extinction Rebellion stage a protest at London City Airport during the fourth day of demonstrations on October 10, 2019 in London, England. Climate change activists have gathered to block access to various government departments as they launch a two week protest in central London.

A protester lay on top of a plane while another forced a jet to turn around on the runway as climate change activists descended on London City Airport on Thursday, causing some disruption but ultimately failing to cancel flights.

Protest organizers Extinction Rebellion had vowed to occupy the airport’s terminal and shut down operations for three days as part of its action in the British capital.

London City is the capital’s fifth-biggest – and most central – airport, popular with business travelers, bankers and politicians for short-haul and regional routes.

A Reuters photographer saw one man, former paralympian cyclist James Brown, lay himself across the top of the body of a British Airways Embraer 190 jet. “I managed to get on the roof,” Brown said in a video he posted online.

“This is all about the climate and ecological crisis. We’re protesting against government inaction.”

He was eventually removed. A spokeswoman for BA said “we are investigating what happened as a matter of urgency”.

The group said they were protesting plans to expand the airport, which aims to have 6.5 million passengers a year by 2022 compared to the 4.8 million in 2018, and which has said there could be demand for as many as 11 million by 2035.

On Thursday, 18,000 passengers were due to arrive or depart from the airport, with 286 flights scheduled. While some protesters got inside the terminal building, flights were continuing, though some were delayed.

An Aer Lingus plane was forced to stop taxiing and return to its gate when a passenger got up to give a speech about climate change.

“I’m extremely sorry to disturb everybody here. We have two generations of human civilization left if we carry on doing what we’re doing,” the unnamed man said in a video of the incident, as he politely declined efforts by staff and passengers to get him to sit down.

Aer Lingus said that a passenger was removed from the flight to Dublin due to “disruptive behavior on board.”

Extra security measures at the airport meant that most of the protesting happened well away from the runway.

Protesters glued themselves to the terminal building, occupied a nearby Docklands Light Railway (DLR) station and blocked roads around the airport.

Police have made hundreds of arrests so far this week as the protesters have sought to shut down London with two weeks of civil disobedience.

“We continue to work closely with the Metropolitan Police to ensure the safe operation of the airport, which remains fully open and operational,” a spokesman for London City Airport said.

Police said that they had arrested one person on a flight on the runway with a number of people arrested outside the airport, without specifying how many.

The airport said it is “committed to building a more sustainable future for the airport and the aviation industry” and has said it will achieve net zero carbon emissions by 2050. British Airways owner IAG also pledged on Thursday to meet that emissions target.


Company: cnbc, Activity: cnbc, Date: 2019-10-10
Keywords: news, cnbc, companies, protesters, london, disruption, removed, protesting, plane, climate, passengers, terminal, lies, protester, city, million, airport


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Hong Kong airport cancels all flights for the remainder of the day due to protests

Hong Kong International Airport, one of the world’s busiest terminals, has canceled all departures for the remainder of the day, citing serious disruption due to protests. The airport authority said Monday it had canceled all flights not yet checked in by the afternoon. Around 5,000 anti-government protesters had been demonstrating at the airport for a fourth day on Monday. Some activists had reportedly moved to the departure area and caused disruption, according to the Hong Kong police. The air


Hong Kong International Airport, one of the world’s busiest terminals, has canceled all departures for the remainder of the day, citing serious disruption due to protests. The airport authority said Monday it had canceled all flights not yet checked in by the afternoon. Around 5,000 anti-government protesters had been demonstrating at the airport for a fourth day on Monday. Some activists had reportedly moved to the departure area and caused disruption, according to the Hong Kong police. The air
Hong Kong airport cancels all flights for the remainder of the day due to protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: matt clinch
Keywords: news, cnbc, companies, airport, cancels, remainder, canceled, serious, flights, day, public, hong, international, disruption, kong, protests, car


Hong Kong airport cancels all flights for the remainder of the day due to protests

Hong Kong International Airport, one of the world’s busiest terminals, has canceled all departures for the remainder of the day, citing serious disruption due to protests.

The airport authority said Monday it had canceled all flights not yet checked in by the afternoon. Around 5,000 anti-government protesters had been demonstrating at the airport for a fourth day on Monday. Some activists had reportedly moved to the departure area and caused disruption, according to the Hong Kong police. The police declined to say if it would move to clear the demonstrators.

The airport authority said in a statement: “Airport operations at Hong Kong International Airport have been seriously disrupted as a result of the public assembly at the airport today.”

“The traffic to the airport is very congested, and the car park spaces at all car parks are already full. Members of the public are advised not to come to the airport,” it added. It later advised all passengers to leave the terminal building as soon as possible.

The increasingly violent protests since June have plunged the Asian financial hub into its most serious crisis in decades and are one of the biggest popular challenges to Chinese leader Xi Jinping since he came to power in 2012.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: matt clinch
Keywords: news, cnbc, companies, airport, cancels, remainder, canceled, serious, flights, day, public, hong, international, disruption, kong, protests, car


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Real estate firm names the top cities for risk-seeking investors

An employee looks out from the 32nd floor viewing platform of the Al Faisaliah Tower in Riyadh, Saudi Arabia. “Courageous” investors looking for long-term opportunities should look to emerging cities in the Middle East, India and China, according to global real estate advisor Savills. In its Resilient Cities Index report, Savills highlighted several cities that were still relatively untapped, despite being the most likely to see economic growth amid global disruption in the coming decades. New Y


An employee looks out from the 32nd floor viewing platform of the Al Faisaliah Tower in Riyadh, Saudi Arabia. “Courageous” investors looking for long-term opportunities should look to emerging cities in the Middle East, India and China, according to global real estate advisor Savills. In its Resilient Cities Index report, Savills highlighted several cities that were still relatively untapped, despite being the most likely to see economic growth amid global disruption in the coming decades. New Y
Real estate firm names the top cities for risk-seeking investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: chloe taylor
Keywords: news, cnbc, companies, withstand, london, names, currently, cities, estate, investors, real, place, disruption, worlds, firm, riskseeking, global, york, resilient


Real estate firm names the top cities for risk-seeking investors

An employee looks out from the 32nd floor viewing platform of the Al Faisaliah Tower in Riyadh, Saudi Arabia.

“Courageous” investors looking for long-term opportunities should look to emerging cities in the Middle East, India and China, according to global real estate advisor Savills.

In its Resilient Cities Index report, Savills highlighted several cities that were still relatively untapped, despite being the most likely to see economic growth amid global disruption in the coming decades.

The research analyzed which global hubs would be able to withstand or embrace technological, demographic and political disruption. New York was named the world’s most resilient city, followed by Tokyo, London and Los Angeles.

Savills predicted that the top four cities would retain their positions over the next decade. Shanghai, currently in 11th place, was expected to rise to fifth place by 2028, while London and Paris were the only European cities currently ranked among the 20 most resilient.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: chloe taylor
Keywords: news, cnbc, companies, withstand, london, names, currently, cities, estate, investors, real, place, disruption, worlds, firm, riskseeking, global, york, resilient


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Oil markets may have to brace for ‘greater disruption,’ says strategist

There’s ‘potential for greater disruption’ in the oil markets: Strategist 8 Hours Ago | 03:04As oil prices climbed to multi-month highs on Tuesday, one strategist warned of the “potential for greater disruption” ahead for crude markets. If … Libya comes into play, that’s only going to add more tightness to the market,” John Driscoll, chief strategist at JTD Energy Services, told CNBC’s “Squawk Box” on Tuesday. Driscoll’s comments came amid a recent violent resurgence in Libya, a key oil produc


There’s ‘potential for greater disruption’ in the oil markets: Strategist 8 Hours Ago | 03:04As oil prices climbed to multi-month highs on Tuesday, one strategist warned of the “potential for greater disruption” ahead for crude markets. If … Libya comes into play, that’s only going to add more tightness to the market,” John Driscoll, chief strategist at JTD Energy Services, told CNBC’s “Squawk Box” on Tuesday. Driscoll’s comments came amid a recent violent resurgence in Libya, a key oil produc
Oil markets may have to brace for ‘greater disruption,’ says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: eustance huang
Keywords: news, cnbc, companies, oil, greater, brace, leader, venezuela, libyas, disruption, potential, libya, driscoll, risks, strategist, markets


Oil markets may have to brace for 'greater disruption,' says strategist

There’s ‘potential for greater disruption’ in the oil markets: Strategist 8 Hours Ago | 03:04

As oil prices climbed to multi-month highs on Tuesday, one strategist warned of the “potential for greater disruption” ahead for crude markets.

“It’s almost like 2011, when (former Libyan dictator Muammar Gaddafi) was toppled. If … Libya comes into play, that’s only going to add more tightness to the market,” John Driscoll, chief strategist at JTD Energy Services, told CNBC’s “Squawk Box” on Tuesday.

Driscoll’s comments came amid a recent violent resurgence in Libya, a key oil producer in the Organization of the Petroleum Exporting Countries (OPEC).

Rebel forces loyal to renegade leader General Khalifa Hifter, who effectively controls the country’s breakaway east, launched a surprise attack against the home of Libya’s UN-recognized government last week. The move risks plunging the country back into civil war.

Reports also surfaced overnight that the airport in Libya’s capital, Tripoli, had been hit by air strikes.

In addition to concerns over the ongoing conflict in Libya, Driscoll cited Venezuela and Iran as other potential sources of risks for the oil markets.

For Venezuela, he said: “Things are terrible there, oil output is plummeting, then you’ve got this wave of electrical outages that have halved their exports.”

In January, the U.S. slapped sanctions on Venezuela’s state-owned oil company PDVSA in an attempt to oust President Nicolas Maduro as he jostles for power with opposition leader Juan Guaido.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: eustance huang
Keywords: news, cnbc, companies, oil, greater, brace, leader, venezuela, libyas, disruption, potential, libya, driscoll, risks, strategist, markets


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Tech spending will near $4 trillion this year. Here’s where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to


Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to
Tech spending will near $4 trillion this year. Here’s where all the money is going and why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


Tech spending will near $4 trillion this year. Here's where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you.

“Construction is being totally disrupted — the entire industry,” he said.

The former chief financial officer of Yahoo, Fortinet and Siebel Systems, Goldman said companies cannot afford to make the mistake of thinking technology disruption is greatest in the tech sector itself, or limited to certain sectors of the economy.

“Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC).

A decade ago oil and gas companies were the stocks with the highest market capitalization. Saudi Arabia’s oil giant Aramco is still more profitable than the iPhone maker, but the top of the market cap table has tilted. Now Goldman notes that all of the biggest market cap companies are tech (the top four U.S. publicly traded companies, to be exact). His warning: Disruption comes from the bottom up.

“The thing I’ve seen happen with companies inside and outside of tech is they get complacent and assume the newest will only take a small share. By the time it mushrooms, it’s too late,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


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Tech spending will near $4 trillion this year. Here’s where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to


Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you. “Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC). A decade ago oil and gas companies were the stocks with the highest market capitalization. Now Goldman notes that all of the biggest market cap companies are tech (the to
Tech spending will near $4 trillion this year. Here’s where all the money is going and why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


Tech spending will near $4 trillion this year. Here's where all the money is going and why

Ask Ken Goldman, president of former Google executive chairman Eric Schmidt’s family office, Hillspire, which industry is being disrupted by technology today and his answer might surprise you.

“Construction is being totally disrupted — the entire industry,” he said.

The former chief financial officer of Yahoo, Fortinet and Siebel Systems, Goldman said companies cannot afford to make the mistake of thinking technology disruption is greatest in the tech sector itself, or limited to certain sectors of the economy.

“Every single industry in the world,” said Goldman, who serves on the advisory board of the new CNBC Technology Executive Council (TEC).

A decade ago oil and gas companies were the stocks with the highest market capitalization. Saudi Arabia’s oil giant Aramco is still more profitable than the iPhone maker, but the top of the market cap table has tilted. Now Goldman notes that all of the biggest market cap companies are tech (the top four U.S. publicly traded companies, to be exact). His warning: Disruption comes from the bottom up.

“The thing I’ve seen happen with companies inside and outside of tech is they get complacent and assume the newest will only take a small share. By the time it mushrooms, it’s too late,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: eric rosenbaum, source, flirty, olivier douliery, bloomberg, getty images, otis elevator united technologies, vcg, visual china group
Keywords: news, cnbc, companies, near, money, heres, industry, tech, market, technology, executive, oil, going, disrupted, spending, companies, disruption, goldman, trillion


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